Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc , Amazon.com and Tesla Inc slipped between 2% and 5.9%; Beyond Meat down in volatile trading
Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%
All eyes on US CPI data on Wednesday; Peloton slumps as CEO says business 'thinly capitalized'
Dow Jones Industrial Average was down 486.39 points, or 1.48%, at 32,412.98 and the Nasdaq Composite was down 373.29 points, or 3.07%, at 11,771.38
On Wednesday, the US Federal Reserve announced a 50 basis points rate hike, the highest in 22 years, but ruled out a 75-bps hike in the future
Wall Street stocks tumbled as investors shed risky investments, worried the Fed might hike rates more this year to tame inflation
All three major U.S. stock indexes reversed earlier gains as 10-year Treasury yield reached the 3% mark for the first time in more than three years.
Amazon.com slid 3.2%, adding to a 14% drop on Friday after a gloomy quarterly report
Buffett, 91, who is Berkshire's chairman and chief executive, and Vice Chairman Charlie Munger, 98, fielded questions in a downtown arena in Omaha, Nebraska
The slump in output reflected a wider trade deficit and moderate pace of inventory accumulation
The US Federal Reserve has begun raising interest rates to counter surging inflation and investors have been selling yen to seek higher returns in dollar-denominated assets
The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region's economy
The burrito chain forecast comparable restaurant sales growth of 10% to 12% for the current quarter, compared with estimates of an 8.8% growth, according to IBES data from Refinitiv
Asian markets had suffered their worst day in over a month overnight on fears that Beijing was about to go back into a Covid-19 lockdown
The world's most valuable automaker jumped 9% after its results beat Wall Street expectations as higher prices helped it overcome supply-chain chaos and rising costs
US Treasury yields dipped after hitting three-year highs on Wednesday as buyers emerged. Benchmark 10-year yields were last at 2.8455%, after reaching 2.981% overnight, the highest since Dec. 2018
Of the 49 companies in the S&P 500 that have reported quarterly earnings as of Tuesday, nearly 80% have topped profit estimates, per Refinitiv data
Brent crude was last down 4.87% at $107.65 a barrel, while U.S. crude was last down 4.91% at $102.9 per barrel
Wall Street opened higher on Tuesday and bond yields continued to swing upward as Russia's invasion of Ukraine weighed on global growth expectations
A significant cut to global growth expectations from the World Bank, paired with March weakness in China's latest economic numbers injected some pessimism into US markets